Savvis to Meet Asia Pacific Demand for Enterprise-Class Cloud

Rackspace Hosting, a provider of Web hosting and cloud computing services, continues its steady growth, late Thursday reporting a 27% jump in sales and 43% rise in per-share profit last quarter. Rackspace's revenue has risen every quarter for until further notice the past 17 quarters, and in that span ...

Load of marketing hype

Cloud computing might seem like a load of marketing hype, now clear away the hot air and there's cold steel and silicon behind it all. On Thursday, the fast-growing cloud infrastructure field's competition ticked up another notch, when Rackspace Hosting joined with Cisco Systems and an ...

Savvis, a provider of online storage, was upgraded by Kaufman Bros. on expectations of strong revenue growth from managed hosting and gains in emerging markets. Kaufman sees the company focusing less on shared data centers and more on managed hosting. It raised its price target to $31 from ...

Downdraft Wednesday

Highflying cloud stocks hit a downdraft Wednesday, falling hard afterwards a smaller player lowered its sales outlook. The warning from little-known Equinix was all it took to spark a nose dive by a bevy of networking and cloud computing stocks that had been among the top performers all year. ...